European markets open lower on Brexit concerns

European markets open lower on Brexit concerns

"From space exploration to clean energy to medical technologies, Britain will remain at the forefront of collective endeavours to better understand, and make better, the world in which we live", she said.

As well as voting on the final Brexit deal, the prime minister has said that Parliament would have "the opportunity to debate and discuss" Britain's exit from the EU. The immediate response was largely panic, with some people who'd cast a "leave" vote frantically Googling to figure out what they had actually voted for.

"Britain is speaking softly but behaving and acting differently", said Mr Martin, whose Fianna Fail party props up Mr Kenny's Fine Gael-led minority administration.

Instead she said she would push for the "greatest possible" access to the market following Brexit. This vision had been built up by Ms.

But in April - before the European Union referendum - the then home secretary gave a speech warning of the implications of a vote to leave the EU.

The UK now gives the European Union more than £9 billion a year, and the prime minister did not rule out the prospect of continuing some sort of contribution to the EU's budget today. One of the key phrases from her speech was that "no deal is better than a bad deal" - if European Union leaders do not accept her terms, she will walk away. She warned that it would be "calamitously" harmful to Europe if it penalised the United Kingdom for leaving.

She also revealed that Britain would look to strike a new customs agreement with the European Union to be able to carve out its own trade deals with the rest of the world.

But Donald Tusk, leader of the European Council, praised Mrs May for her "Churchillian" approach, contrasting this with the rhetoric of U.S. president-elect Donald Trump. We do know that in a negotiation we would need to make concessions in order to access it, and those concessions could well be about accepting European Union regulations, over which we would have no say, making financial contributions, just as we do now, accepting free movement rules, just as we do now, or quite possibly all three combined.

"But if we are forced to do something different because we can't get the right deal, then we stand ready to do so", she said.

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What is a single market? Nobody said it would be easy.

"So the idea that Germany from a business point of view will be very flexible towards the U.K.in the Brexit negotiations is a dream".

The pound recovered to above $1.20 Monday after President-elect Donald Trump's comment in an interview with The Times of London that a U.S. -U.K. -trade deal could be done "very quickly" once he takes office this week.

Of course, US trade with the U.K.is not almost as large as that between Britain and the E.U. It's relationships with its neighbors May should be focusing on, says Keir Starmer, the Labour opposition secretary for Exiting the European Union, instead of prioritizing the U.S.

"I am not overly concerned that we won't stay united", Merkel said. Seven months after the referendum to leave the EU, Brexit "still has not been formalised", said Frank-Walter Steinmeier in a statement.

May spokeswoman Helen Bower said the prime minister and Hammond both want Britain "to remain in the mainstream of a recognizable European-style taxation system".

We know services will be a hard issue, but financial services may not be as hard an issue as was first thought, especially now the City of London seems comfortable with equivalence rules rather than full passporting rights.

"In some ways a hard Brexit is better than years of negotiations".